Today, global markets and cryptocurrencies are focused on Federal Reserve Chairman Kevin Warsh’s speech in Jackson Hole. His statements are of great interest to both $BTC and altcoins. A hawkish Warsh could put downward pressure on Bitcoin and cryptocurrencies, while a more dovish Warsh could push the market higher. At this point, Bitcoin was just
Bitcoin $BTC$79,627.45 is outperforming gold, the Nasdaq 100 index, the S&P 500 and other major asset classes just when it matters most. The cryptocurrency’s price has surged 26% this month, according to CoinDesk data, and was recently around $79,200. Gold, meanwhile, has gained 13.8%, with the Nasdaq 100 and S&P 500 indexes adding 4.8% and
Global markets are focused on Federal Reserve Chairman Kevin Warsh’s speech today in Jackson Hole. While FED officials have given conflicting messages regarding the trajectory of inflation and interest rates, investors are eagerly awaiting Warsh’s message on the direction of monetary policy and inflation. This is because Federal Reserve officials have differing assessments of the
Bitcoin’s recent strong rise is attributed more to the liquidation of short positions in the futures market than to new capital inflows. Cryptocurrency trading firm QCP Capital warned that the Bitcoin rally could lose momentum if the buying pressure resulting from the closing of short positions decreases. According to QCP Capital’s analysis, despite the rise
Circle’s CCTP V1 deprecation gives developers still using the first version of its Cross-Chain Transfer Protocol (CCTP) 95 days to migrate before the legacy contracts stop processing $USDC transfers. The company said CCTP V1 burn limits will begin falling on Oct. 31. A burn limit caps how much $USDC can be destroyed on one chain
As Bitcoin ($BTC) and Ethereum ($ETH) led the broader cryptocurrency industry in a strong recovery over the past two weeks, BlackRock Inc. (NYSE: BLK) has purchased crypto assets worth more than $3.1 billion over 8 consecutive days. BlackRock’s iShares Bitcoin Trust (IBIT) purchased a total of 22,722 $BTC, valued at around $2.2 billion, over the
Bitwise has recorded roughly $100 million in inflows across its U.S. crypto exchange-traded products in a single day, according to the data provided by CEO Hunter Horsley. Solana products managed to attract the largest share of investor demand. Solana products led the flows with around $40 million. Bitcoin products, for comparison, come in second place
Bitcoin has once again failed to break decisively above the $82,000 resistance zone. The cryptocurrency retreated after briefly approaching the level as traders assess whether its recent recovery can extend further. Despite the bulls’ inability to overcome stubborn resistance, veteran trader Peter Brandt has disclosed that he remains long on the bellwether cryptocurrency. In a